Luxor Technologies’ Q4 2025 Global Hashrate Map estimates China now contributes 14.05%, about 145 EH/s, of Bitcoin’s global compute power, a slight rise from 13.8% in Q3, reaffirming the country’s quiet but persistent presence in the digital asset infrastructure. Despite the 2021 mining ban, Luxor’s data “confirms what most in the industry already acknowledge: Bitcoin mining never entirely left China, it just moved off-grid.” The report offers no provincial breakdown, but sources across ASIC supply chains suggest renewed mining activity in Xinjiang, where abundant energy and isolation once made it a mining hub. Anonymous Chinese-language posts on X allege recent police raids in the region, though verification remains elusive. Industry observers say that even if enforcement persists, China’s shadow hashrate underscores Bitcoin’s resilience, and the network’s ability to adapt beyond regulation or geography.
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The Federal Communications Commission, led by Chairman Brendan Carr, plans to roll back a Biden-era rule requiring internet providers to itemize discretionary fees in broadband “nutrition labels,” reports Ars Technica’s Jon Brodkin. Carr’s proposal, part of his “Delete, Delete, Delete” deregulation initiative, argues that listing every charge “can lead to a proliferation of labels so lengthy that the fees overwhelm other important elements.” The rule, introduced in 2024 to counter misleading pricing, forced ISPs to disclose recurring costs like pole rental and local right-of-way fees. Industry groups including Comcast and NCTA had lobbied for its removal, citing “significant administrative burdens.” Critics such as Commissioner Anna Gomez counter that the move weakens transparency and could obscure true costs. The FCC will vote on October 28, with a likely partisan split, as the telecom sector anticipates lighter compliance requirements.
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Inside Climate News’ Dan Gearino reports that the U.S. electric vehicle sector is recalibrating after the sudden loss of federal tax credits, a consequence of the One Big Beautiful Bill Act passed in July. The repeal ends credits worth up to $7,500 for new EVs and $3,000 for used models, dampening near-term sales. Yet automakers are responding with incentives; Ford and GM are extending lease credits, while Hyundai is offering discounts up to $9,800. “We’ve hit a massive speed bump,” said AutoPacific’s Ed Kim, “but you can’t stop the future.” States such as Colorado are boosting local credits, and more than 30 new EV models are expected by 2026. Analysts forecast EV market share holding at 8% through 2026, suggesting stability amid policy reversal. As Gearino notes, automakers remain committed to electrification even as U.S. momentum lags behind China and Europe.
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The Rage reports that the U.S. Treasury has refused to disclose how much bitcoin it holds, rejecting a Freedom of Information Act request filed earlier this year. Journalist L0la L33tz sought records distinguishing bitcoin “seized” from that “forfeited” to the government, following her earlier revelation that the U.S. Marshals Service manages just 28,988 BTC, far less than the over 200,000 BTC figure publicly cited by former President Trump and others. The Treasury’s denial, issued via the IRS, deemed the request “overly broad,” asserting that FOIA “is not intended to reduce agency personnel to investigators” or permit “fishing expeditions.” The distinction between seized and forfeited assets is central to transparency in federal bitcoin management, particularly amid talk of a Strategic Bitcoin Reserve. L33tz says a narrower FOIA request has been refiled as public scrutiny intensifies over the government’s digital asset holdings.
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